CHAPTER 3. THE MORTGAGE CRISIS

Chapters in this book

1. Frontmatter i
2. Relation of the Directors to the Work and Publications of the National Bureau of Economic Research vi
3. Contents ix
4. Preface xi
5. Acknowledgments xv
6. CHAPTER 1. INTRODUCTION 1
7. CHAPTER 2. THE PATCHWORK MORTGAGE MARKET IN THE 1920S 9
8. CHAPTER 3. THE MORTGAGE CRISIS 20
9. CHAPTER 4. PRESSURES FOR GOVERNMENT ACTION 31
10. CHAPTER 5. THE ECONOMIC RATIONALE FOR THE HOLC 41
11. CHAPTER 6. AN HOLC PRIMER 54
12. CHAPTER 7. THE LENDERS’ GOOD DEAL 70
13. CHAPTER 8. THE BORROWERS’ GOOD DEAL 82
14. CHAPTER 9. REPAIRING MORTGAGE AND HOUSING MARKETS 103
15. CHAPTER 10. THE COST TO TAXPAYERS AND SUBSIDIES TO THE HOUSING MARKET 112
16. CHAPTER 11. CONCLUSION 120
17. APPENDIX. Walking through the Analysis of the Impact of the HOLC 133
18. Notes 147
19. References 161
20. Index 167